MIRA
INFORM REPORT
|
Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
EARTH TRADING
BVBA |
|
|
|
|
Registered Office : |
Wenenstraat 1, 2321 Hoogstraten |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
28.08.2000 |
|
|
|
|
Com. Reg. No.: |
472667142 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
trader of waste and debris |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BELGIUM - ECONOMIC
OVERVIEW
This modern, open, and private-enterprise-based economy has
capitalized on its central geographic location, highly developed transport
network, and diversified industrial and commercial base. Industry is
concentrated mainly in the more heavily-populated region of Flanders in the
north. With few natural resources, Belgium imports substantial quantities of
raw materials and exports a large volume of manufactures, making its economy
vulnerable to volatility in world markets. Roughly three-quarters of Belgium's
trade is with other EU countries, and Belgium has benefited most from its
proximity to Germany. In 2013 Belgian GDP grew by 0.1%, the unemployment rate
increased to 8.8% from 7.6% the previous year, and the government reduced the
budget deficit from a peak of 6% of GDP in 2009 to 3.2%. Despite the relative
improvement in Belgium's budget deficit, public debt hovers around 100% of GDP,
a factor that has contributed to investor perceptions that the country is
increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks
were severely affected by the international financial crisis in 2008 with three
major banks receiving capital injections from the government, and the
nationalization of the Belgian retail arm of a Franco-Belgian bank
|
Source
: CIA |
Company summary
Business number 472667142
Company name EARTH TRADING BVBA
Address WENENSTRAAT 1
2321 HOOGSTRATEN
Number of staff 0
Date of establishment 28/08/2000
Telephone number 032338650
Commentary
|
The
business was established over 13 years ago. |
|
|
No
employees are recorded for this business. |
|
|
The
business has been at the address for over 6 months. |
|
|
The
business has changed address 1 times in the last year. |
|
|
Operating
Result in the latest trading period increased 21% on the previous trading
period. |
|
|
A
23% growth in Total Assets occurred during the latest trading period. |
|
|
Pre-tax
profits increased by 44% compared to the previous trading period. |
|
|
The
business saw a decrease in their Cash Balance of 80% during the latest
trading period. |
|
|
Turnover
in the latest trading period increased 24% on the previous trading period. |
|
Accounts
DATE OF LATEST
ACCOUNTS TURNOVER
PROFIT BEFORE TAX NET WORTH WORKING CAPITAL
30/09/2012 6,085,228
35,643 138,619 135,498
30/09/2011 4,887,454
24,673 120,448 114,430
30/09/2010 4,705,236 28,694 95,768
60,143
Accounts
DATE OF LATEST
ACCOUNTS BALANCE
TOTAL NUMBER OF EMPLOYEES CAPITAL CASHFLOW
30/09/2012 1,516,098
0 20,000 21,069
30/09/2011 1,228,886
0 20,000 55,275
30/09/2010
1,144,734 0 20,000 62,428
TRENDS
|
Profitability |
|
|
Liquidity |
|
|
Net worth |
|
Payment expectations
Payment expectation days 53.83
Industry average payment expectation days 87.21
Industry average day sales outstanding 92.87
Day sales outstanding 1.26
Court data summary
BANKRUPTCY DETAILS
Court action type no
Company
information
|
Business number |
472667142 |
Company name |
EARTH
TRADING BVBA |
|
Fax number |
|
Date founded |
28/08/2000 |
|
Company status |
active |
Company type |
Private Limited Company (BL/LX) |
|
Currency |
Euro
(€) |
Date of latest accounts |
30/09/2012 |
|
Activity code |
46770 |
Liable for VAT |
yes |
|
Activity description |
Wholesale
trader of waste and debris |
VAT Number |
BE.0472.667.142
Check VAT number |
|
Belgian Bullettin of Acts
Publications |
moniteur
belge |
|
|
COMPANY ACCOUNTS
Comparison Mode
·
Average Median Export
accounts to CSV File
Profit & Loss
|
Annual
accounts |
30-09-2012 |
% |
30-09-2011 |
% |
30-09-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
6,085,228 |
24.51 |
4,887,454 |
3.87 |
4,705,236 |
6,085,228 |
0.00 |
|
Total
operating expenses |
6,048,901 |
24.53 |
4,857,531 |
4.68 |
4,640,427 |
6,048,901 |
0.00 |
|
Operating
result |
36,328 |
21.40 |
29,924 |
-53.83 |
64,809 |
79,896 |
-54.53 |
|
Total
financial income |
6,915 |
389 |
1,412 |
2959 |
46 |
2,431 |
184 |
|
Total
financial expenses |
7,600 |
14.07 |
6,663 |
-81.58 |
36,161 |
10,825 |
-29.79 |
|
Results
on ordinary operations before taxation |
35,643 |
44.46 |
24,673 |
-14.01 |
28,694 |
71,502 |
-50.15 |
|
Taxation |
17,471 |
259217 |
-7 |
-100 |
6,495 |
6,375 |
174 |
|
Results
on ordinary operations after taxation |
18,172 |
-26.37 |
24,680 |
11.18 |
22,198 |
65,127 |
-72.10 |
|
Extraordinary
items |
0 |
- |
0 |
- |
0 |
2,233 |
-100 |
|
Other
appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net
result OTHER INFORMATION |
18,172 |
-26.37 |
24,680 |
11.18 |
22,198 |
67,360 |
-73.02 |
|
Gross
Operating Margin |
40,833 |
-41.10 |
69,321 |
-35.62 |
107,670 |
121,077 |
-66.27 |
|
Dividends |
- |
- |
- |
- |
- |
36,000 |
- |
|
Other employee costs |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Amortization
and depreciation |
2,897 |
-90.53 |
30,595 |
-23.95 |
40,230 |
39,221 |
-92.61 |
Balance Sheet
|
Annual
accounts |
30-09-2012 |
% |
30-09-2011 |
% |
30-09-2010 |
Industry
average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible
fixed assets |
0 |
- |
0 |
- |
0 |
43,985 |
-100 |
|
Tangible
fixed assets |
3,046 |
-48.75 |
5,943 |
-83.28 |
35,549 |
54,009 |
-94.36 |
|
Land & building |
- |
- |
- |
- |
- |
31,284 |
- |
|
Plant & machinery |
- |
- |
- |
- |
26,082 |
30,585 |
- |
|
Furniture & Vehicles |
3,046 |
-48.75 |
5,943 |
-37.23 |
9,468 |
8,971 4,795 |
-66.05 |
|
Leasing & Other Similar
Rights |
- |
- |
- |
- |
- |
42,637
42,637 |
- |
|
Other tangible assets |
0 |
- |
0 |
- |
0 |
8 |
-100 |
|
Financial
fixed assets |
75 |
0 |
75 |
0 |
75 |
635 |
-88.19 |
|
Total
fixed assets |
3,121 |
-48.14 |
6,018 |
-83.11 |
35,624 |
98,417 |
-96.83 |
|
Inventories |
1,353,911 |
104 |
663,594 |
33.21 |
498,169 |
703,037 |
92.58 |
|
Work in progress |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Finished goods |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Other stocks |
1,353,911 |
104 |
663,594 |
33.21 |
498,169 |
468,691 |
188 |
|
Trade
debtors |
20,986 |
-87.38 |
166,340 |
-42.39 |
288,732 |
95,297 |
-77.98 |
|
Cash |
55,652 |
-80.50 |
285,330 |
13.45 |
251,513 |
66,233 |
-15.98 |
|
other
amounts receivable |
82,428 |
-23.40 |
107,605 |
52.21 |
70,696 |
172,726 |
-52.28 |
|
Miscellaneous
current assets |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Total
current assets |
1,512,977 |
23.72 |
1,222,868 |
10.26 |
1,109,109 |
802,948 |
88.43 |
|
Total
Assets |
1,516,098 |
23.37 |
1,228,886 |
7.35 |
1,144,734 |
901,366
868,559 |
68.20 |
|
Current Liabilities |
|
|
|
|
|
|
|
|
Trade
Creditors |
892,019 |
40.58 |
634,524 |
13.88 |
557,194 |
320,190 |
178 |
|
Financials
Debts |
--- |
--- |
--- |
--- |
--- |
300,000 300.000 |
--- |
|
Current
portion of long term debt |
--- |
--- |
--- |
---- |
10,466 |
58,456 58,456 |
--- |
|
Amounts
payable for Taxes, Remuneration & Social Security |
11,500 |
666 |
1,500 |
-14.29 |
1,750 |
6,000 |
53.33 |
|
Miscellaneous
current liabilities |
473,959 |
0.33 |
472,414 |
-1.49 |
479,556 |
78.92 |
---- |
|
Total
current liabilities |
1,377,479 |
24.27 |
1,108,439 |
5.67 |
1,048,966 |
731,561 |
88.29 |
|
Long Term Debts & Liabilities |
|
|
Provisions
for Liabilities & Charges |
0 |
- |
0 |
- |
0 |
0 0 |
- |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
0 |
- |
|
Total
long term debts SHAREHOLDERS EQUITY |
0 |
|
0 |
|
0 |
74,451 |
-100 |
|
Issued
share capital |
20,000 |
0 |
20,000 |
0 |
20,000 |
19,531 |
2.40 |
|
Share
premium account |
- |
- |
- |
- |
- |
- |
- |
|
Reserves |
118,619 |
18.09 |
100,448 |
32.57 |
75,768 |
75,823 |
56.44 |
|
Revaluation
reserve |
- |
- |
- |
- |
- |
- |
- |
|
Total
shareholders equity |
138,619 |
15.09 |
120,448 |
25.77 |
95,768 |
95,354 |
45.37 |
|
Working
capital |
135,498 |
18.41 |
114,430 |
90.26 |
60,143 |
71,387 |
89.81 |
|
Cashflow |
21,069 |
-61.88 |
55,275 |
-11.46 |
62,428 |
106,581 |
-80.23 |
|
Net
worth |
138,619 |
15.09 |
120,448 |
25.77 |
95,768 |
51,369 |
169 |
Ratio Analysis
|
Annual
accounts |
30-09-2012 |
change(%) |
30-09-2011 |
change(%) |
30-09-2010 |
Industry
average 2012 |
% |
|
TRADING PERFORMANCE |
|
|
|
|
|
|
|
|
Profit
Before Tax |
0.59 |
18.00 |
0.50 |
-18.03 |
0.61 |
1,00 |
-41.00 |
|
Return
on capital employed |
25.71 |
25.54 |
20.48 |
-31.64 |
29.96 |
60,00 |
-57.15 |
|
Return
on total assets employed |
2.35 |
16.92 |
2.01 |
-19.92 |
2.51 |
18,00 |
-86.94 |
|
Return
on net assets employed |
25.71 |
25.54 |
20.48 |
-31.64 |
29.96 |
79,00 |
-67.46 |
|
Sales
/ net working capital |
44.91 |
5.15 |
42.71 |
-45.40 |
78.23 |
45,00 |
-99 |
|
Stock
turnover ratio |
22.25 |
63.84 |
13.58 |
28.23 |
10.59 |
22,00 |
1.14 |
|
Debtor
days |
1.26 |
-89.86 |
12.42 |
-44.55 |
22.40 |
1,00 |
26.00 |
|
Creditor
days SHORT TERM STABILITY |
53.83 |
12.90 |
47.68 |
8.78 |
43.83 |
54,00 |
-0.31 |
|
Current
ratio |
1.10 |
0 |
1.10 |
3.77 |
1.06 |
1,00 |
-86.25 |
|
Liquidity
ratio / acid ratio |
0.12 |
-76.00 |
0.50 |
-13.79 |
0.58 |
1,00 |
-88.00 |
|
Current
debt ratio |
9.94 |
8.04 |
9.20 |
-15.98 |
10.95 |
8,00 |
24.25 |
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
|
|
|
|
|
|
|
|
Gearing |
- |
- |
- |
- |
10.93 |
557,00 |
- |
|
Equity
in percentage |
9.14 |
-6.73 |
9.80 |
17.08 |
8.37 |
15,00 |
-39.07 |
|
Total
debt ratio |
9.94 |
8.04 |
9.20 |
-15.98 |
10.95 |
9,00 |
10.44 |
Industry comparison
Activity code 46770
Activity description Wholesale trader
of waste and debris
Payment expectations
Payment expectation days 53.83
Day sales outstanding 1.26
Industry comparison
Activity code 46770
Activity description Wholesale trader
of waste and debris
Industry average payment expectation days 87.21
Industry average day sales outstanding 92.87
Industry quartile analysis
Payment expectations
Company result 53.83
Lower 72.92
Median 36.80
Upper 12.52
Day sales outstanding
Company result 1.26
Lower 61.18
Median
33.62
Upper 15.33
Group Structure
No group structure for this company.
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Court data
NSSO details
Business number 472667142
Bankruptcy details
There is no bankruptcy data against this company
Bankruptcy Data
Court Data
there is no
data for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.